Which Country Imports the Most Cobalt Ores and Concentrates in the World?

In 2016, the amount of cobalt ores and concentrates imported worldwide amounted to X tonnes, descending by -X% against the previous year level. Overall, cobalt ores and concentrates imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when it surged by X% from the previous year level. Over the period under review, global cobalt ores and concentrates imports attained its maximum volume of X tonnes in 2010; however, from 2011 to 2016, it failed to regain its strength.

In value terms, cobalt ores and concentrates imports totaled $X in 2016. Overall, cobalt ores and concentrates imports continue to indicate a deep descent. In that year, global cobalt ores and concentrates imports reached its maximum level of $X. From 2009 to 2016, growth of global cobalt ores and concentrates imports stood at a somewhat lower level.

Top Cobalt Ores And Concentrates Importing Countries in the World

X. China (X million USD)

X. Finland (X million USD)

X. Belgium (X million USD)

X. South Korea (X million USD)

X. Qatar (X million USD)

Cobalt Ores And Concentrates Imports By Country

China (X tonnes) dominates in cobalt ores and concentrates imports structure, accounting for X tonnes, which was near X% of total imports in 2016. Finland, South Korea, Qatar, and Belgium countries took the negligible share of total imports.

From 2007 to 2016, average annual rates of growth with regard to cobalt ores and concentrates imports into China stood at +X%. At the same time, South Korea (+X%), and Qatar (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing importer/exporter in the world, with a CAGR of +X% from 2007-2016. Belgium experienced a relatively flat trend pattern. By contrast, Finland (-X%) illustrated a downward trend over the same period. Finland (X%) significantly strengthened its position in terms of the global imports, while China saw its share reduced by -X% from 2007 to 2016, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cobalt ores and concentrates worldwide, making up X% of global imports. The second position in the ranking was occupied by Finland ($X), with the share of X% of global imports. It was followed by Belgium, with the share of X%.

From 2007 to 2016, the average annual growth rate of value of cobalt ores and concentrates imports in China declined by -X%. The remaining importing countries recorded the following average annual rates: Finland (-X% per year) and Belgium (+X% per year).

Cobalt Ores And Concentrates Import Prices By Country

The average cobalt ores and concentrates import price stood at $X per tonne in 2016, declining by -X% against the previous year. Overall, cobalt ores and concentrates import price continues to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2008, when import price increased by X% from the previous year level. In that year, average cobalt ores and concentrates import price attained its maximum level of $X per tonne. From 2009 to 2016, growth of average cobalt ores and concentrates import price stood at a somewhat lower level.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Belgium ($X per kg), while Qatar ($X per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of cobalt ores and concentrates import prices was attained by Belgium (+X% per year), while the other global leaders experienced more modest paces of growth.

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This article was written on the product's HS-code: X.

Source: IndexBox AI Platform